UDI vs. KWIN

Last updated Jul 14, 2026

UDI (USCF ESG Dividend Income Fund) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. UDI is actively managed, while KWIN is passively managed. At a 0.23 correlation, their price movements are largely independent. UDI charges 0.65%/yr vs 0.51%/yr for KWIN.

Performance

UDI vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDI achieves a 15.03% return, which is significantly higher than KWIN's 1.59% return.

UDI

• 1D: 0.54%
• 1M: 1.66%
• 6M: 13.65%
• YTD: 15.03%
• 1Y: 23.75%
• 3Y*: 17.07%
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UDI vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
UDI USCF ESG Dividend Income Fund	15.03%	6.19%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between UDI and KWIN is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.23

Return for Risk

UDI vs. KWIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDI

UDI Risk / Return Rank: 89
UDI Sharpe Ratio Rank: 89
UDI Sortino Ratio Rank: 90
UDI Omega Ratio Rank: 85
UDI Calmar Ratio Rank: 89
UDI Martin Ratio Rank: 90

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UDI vs. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) and KraneShares Wahed Alternative Income Index ETF (KWIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UDI	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	4.22	—	—
Martin ratio: Return relative to average drawdown	16.00	—	—

Drawdowns

UDI vs. KWIN - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for UDI and KWIN.

Drawdown Indicators

	UDI	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-1.50%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	—	—
Current Drawdown Current decline from peak	0.00%	-1.44%	+1.44%
Average Drawdown Average peak-to-trough decline	-3.03%	-0.25%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	UDI	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.24%	4.16%	+6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	4.16%	+9.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	4.16%	+9.82%

UDI vs. KWIN - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is higher than KWIN's 0.51% expense ratio.

Dividends

UDI vs. KWIN - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.40%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%
UDI USCF ESG Dividend Income Fund	2.40%	2.42%	5.33%	2.61%	1.79%

Frequently Asked Questions

Can I hold both UDI and KWIN in my portfolio?

UDI and KWIN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UDI or KWIN?

On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UDI or KWIN?

KWIN is cheaper with a 0.51% expense ratio, compared with 0.65% for UDI.

Which ETF pays a higher dividend yield, UDI or KWIN?

UDI has the higher dividend yield at 2.40%, compared with 0.00% for KWIN.

What is the main difference between UDI and KWIN?

They also come from different issuers: USCF Advisers and KraneShares. Their fees differ too: 0.65% for UDI and 0.51% for KWIN.